Advice for New Investor who already has large capital

[Curtis Robbins]

So I've ready more books than I can count, heard all the podcasts, read the articles, stalked the forums, etc. Classic I should have started investing a long time ago stuff. I know. I'm working on it. However, all this wasted time, along with an aggressive saver personality type has me standing at square one with a great deal of capital to leverage my start into a more accelerated journey if I play my cards right. I'm looking to make 2019 the year I finally get off my ***, and make something happen. 

All that said, when I read all the 'getting started stuff' it seems tailored to a different audience than the one I'm apart of. I'm new to this too, and some of that certainly applies to me, but most of it focuses on no-money deals, high-leverage, wholesaling, and how to get good financing, and learning about real estate while you build up enough capital to graduate to BRRR, Fix/Flip, etc. This is a perfectly logical place to start, as most people have no money, no knowledge, and no resources. Makes perfect sense.

However, I've got a large pool of starting capital, easy access to financing, a good network of cash flush friends/family for private lending and partnerships, and live in a low cost / high cashflow area (Indianapolis). I'm not a expert by any means, but neither am I a beginner with my knowledge set. I've even had a successful investment property (+$600 cashflow monthly) in the past (burned down unfortunately). 

All of this is to say, I've got a rolling start when I get my journey on the road. Yet most advice given to newbies is centered around getting them rolling rather than getting them running. So my aim, is to translate this advice, into something a little more tailored to my situation.

So my question is this...

if you were just starting out, but you had a large amount of capital available to you, how would you change/adjust your day 1 business plan/strategy to maximize your results? And how would you do that, without shooting yourself in the foot with inexperience? How would maximize this advantage to accelerate your journey? 

[Matthew Perry]

@Curtis Robbins my advice to you would be to do the following:

1) have or create a gameplan. Know where you want to end up. Is it that you want to have a ton of rental units and income earning investment properties in a portfolio and be the check collector or do you want to be the active go out get your hands dirty fix and flip investor? Or do you want to be the CEO type which is a combination of the two. 

2) Once you have a gameplan work backward from where you want to end up and create little benchmarks that will get you to that point in time. You have probably read it over and over again in the books that say get out there buy that first property but I will tell you that real estate investing is less of a 100 yard dash, and more of a marathon. 

I would say find a local real estate investor group in your area and become a regular there. Find the big players in the area who are doing projects and start having discussions with them. You say you have capital to play- fantastic- if I was you I'd spend your time finding the person who fits what you want to do and be in real estate investing, and them help solve their capital problem. From then on it is about building a tower of success, and building on your last deal/project/whatever. Ignore the instinct that says you have to be an overnight sensation in this industry to be successful, and focus on the day by day bit. You are the answer to the problem someone is battling right now in your area, and that same person might be the solution to your problem too.